$NET - RC -
Added 2024-08-01 12:43:43 +0000 UTC$NET hasn't been pretty so waiting for more price action was needed here but I do like how the pull backs in Nov '23 and Jun '24 have both held on the 0.618 Fibs and then bounced and made higher highs.
We can see that the pull back since June '24 has also found support on the green 0.618 Fib at $74 too.
But $NET needs to get above its 200 Day MA at $81 to get rid of the risk of moving lower.
I have added the higher green Fib levels, particularly noting the 1.618 Fib at $110 if the price can get back above the 200 Day MA and then I will add the impulse count but $110 would be the Wave 3 target here.
